World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: Year End Rally in Corn and Beans

The day’s trading started out hum and glum. Corn and soybean contracts moved modestly like their overnight closes and stayed marginal for most of the day. Soyoil was continuing its recent mostly negative run. Wheat never went anywhere important, high or low.  Then there was a breakout late in the session with an effort to break resistance in both corn and soybeans. After being in the hole all day, soyoil began trading both sides of zero and in the end, it pulled out its third higher close in a row. Feeder cattle have been rallying and today broke a new contract high. Carryover and price are not always correlated in a linear fashion. Maybe it doesn’t always seem fair but the U.S. and world stocks to use ratio for corn tightened in...

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feed-grains soy-oilseeds wheat

Market Commentary: Corn Reversal Continues; Weather, Conditions Ratings Sink Soybeans

The big move at the CBOT Tuesday was a 1¾-cent gain in December corn futures – which isn’t much but that the development followed Monday’s bullish reversal is. The strength in new crop corn defies much of the fundamental outlook and suggests traders are sensing somethin...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.1975/bushel, up $0.0175 from yesterday's close.  Sep 25 Wheat closed at $5.38/bushel, down $0.035 from yesterday's close.  Nov 25 Soybeans closed at $10.0175/bushel, down $0.0525 from yesterday's close.  Dec 25 Soymeal closed at $279.5/short ton, down $2...

Trade War Dynamics

First quarter global merchandise trade accelerated faster than expected as everyone expedited purchases ahead of tariffs and potential slowing of import demand. These market exchanges have likely remained accelerated ahead of the now 1 August tariff deadline, but increased costs were apparent i...

feed-grains soy-oilseeds wheat

Market Commentary: Corn Reversal Continues; Weather, Conditions Ratings Sink Soybeans

The big move at the CBOT Tuesday was a 1¾-cent gain in December corn futures – which isn’t much but that the development followed Monday’s bullish reversal is. The strength in new crop corn defies much of the fundamental outlook and suggests traders are sensing somethin...

feed-grains soy-oilseeds wheat

Summary of Futures

Dec 25 Corn closed at $4.1975/bushel, up $0.0175 from yesterday's close.  Sep 25 Wheat closed at $5.38/bushel, down $0.035 from yesterday's close.  Nov 25 Soybeans closed at $10.0175/bushel, down $0.0525 from yesterday's close.  Dec 25 Soymeal closed at $279.5/short ton, down $2...

Trade War Dynamics

First quarter global merchandise trade accelerated faster than expected as everyone expedited purchases ahead of tariffs and potential slowing of import demand. These market exchanges have likely remained accelerated ahead of the now 1 August tariff deadline, but increased costs were apparent i...

Consumer Price Index and Employment Reports

The Bureau of Labor Statistics (BLS) released the June CPI this morning. The CPI increased 0.3 percent on a seasonally adjusted basis in June, after rising 0.1 percent in May. The CPI is at its highest since January of this year. Over the last 12 months, the all-items index increased 2.7 percen...

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From WPI Consulting

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